SEPA, Guardarian, Simplex, Transak
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In recent years, the cryptocurrency market has experienced tremendous growth, with the emergence of various platforms that facilitate the buying, selling, and trading of digital currencies. Amidst the abundance of scams and fraudulent platforms offering exchange services, ChangeNOW is one such platform that has gained popularity among cryptocurrency enthusiasts and experts due to its ease of use, fast transaction speeds, and wide selection of supported coins, among others.
ChangeNOW is a non-custodial cryptocurrency exchange widely known for its easy-to-use and straightforward service. Striving for maximum safety, simplicity, and convenience, one of its main features is its non-requirement for users to create an account or provide personal information (name, phone number, or email address) to access the service. It also offers no restrictions on the purchase or sale of cryptocurrencies and no upper trading limits for investors.
The platform was launched in 2017 under the CHN Group Limited. It is headquartered in Global Gateway 8, Rue de la Perle, Providence, Mahé, Seychelles and has recently expanded its offices in Amsterdam, The Netherlands. A frontrunner in crypto innovation, the platform has incorporated in-demand assets like DeFi and metaverse tokens, and it now provides assistance for NFTs while allowing users to stake their BEP-2 NOW Token.
Both novice and experienced traders can easily utilize changeNOW. It allows switching between a huge selection of trading pairs and includes a simple order form that is similar to other non-custodial platforms. Furthermore, ChangeNOW supports various blockchains, allowing traders to exchange coins without switching to a different blockchain.
Moreover, ChangeNOW is famous for its lightning-quick transactions, with the majority of trades being finished within a few minutes. This platform does this with its automated order matching system, which looks for the best exchange rate and completes the transaction as soon as possible. The consumers can also monitor the status of their transactions in real-time.
ChangeNOW has continually received great praise since its launch four years ago, bolstering its reputation, with the bulk of evaluations and testimonies praising the platform's trustworthiness and convenience, which allow for quick and secure transactions while maintaining anonymity. The platform has also impressively increased its relationships and the number of supported products, which has greatly pleased its user base. The platform has a strong rating of 4.8 out of 5 rating based on thousands of reviews on TrustPilot.
People question the legitimacy of non-custodial exchanges, because it seems like anyone can use them without consequences. But ChangeNOW is safer than other centralized custodial crypto exchanges, because it does not keep the user’s funds, lowering the risk of fraud, theft, and hacking. Instead, customers can send digital assets straight to their hardware wallet.
Moreover, there is no need to disclose any personal information on the user's identity. As a result, advanced security measures like IP monitoring, whitelists, or even two-factor authentication are not necessary for the transaction. This reduces risks for hackers to access the data or money or for the platform to abuse user’s information.
When a suspicious activity is identified, an internal risk management system will activate which will require additional KYC verification (uploading a photo of their official ID or passport and a selfie holding it, or requesting to disclose the source of their funds). In this regard, the platform works closely with SamSub. More so, to safeguard the user's frozen funds, the platform has the right to move them to cold storage until the matter is resolved.
In addition to its website version, ChangeNOW has a mobile app available for both Android and iOS. Users of Mobile Exchange are also not required to register, and there are no restrictions on the volume of exchanged currency. Via Simplex or Guardarian, users can also transact crypto or make fiat purchases.
With its clearcut, intuitive, and efficient UI and built-in wallet, users can carry the main exchange platform with them wherever they go. The app requires a pin number, Face ID, or Touch ID to open, and data is securely saved on the user's smartphone. Customers can also decide when the screen will automatically lock at any time while it is running.
The ChangeNOW mobile app has received over 100,000 downloads and 3,000 reviews on the Android market, with an overall rating of 4.6/5. This rating is quite high and shows how much users value their mobile app experience.
ChangeNOW features a built-in wallet that can support hundreds of tokens across more than seven distinct blockchains. For the highest level of protection and privacy, this wallet is non-custodial, which means it doesn't gather any personal information and holds the user's money on their own device. By using non-custodial exchanges, consumers can maintain control over the money in their external cryptocurrency wallets.
ChangeNOW works with wallet providers such as Exodus, Magnum, and Atomic Wallet. For storing a large number of cryptocurrencies, hardware wallets such as Trezor or Ledger are recommended. Users can use Coinbase or other web- or software-based wallets to store a smaller amount of digital assets. Decentralized applications, such as OpenSea, Rarible, and Uniswap, are also supported by ChangeNOW. Users can use the ChangeNOW exchange to swap tokens and purchase cryptocurrencies via the NOW wallet. This is a useful feature for storing any of the 800 supported coins securely in a non-custodial wallet.
NOW Payments is a platform for processing non-custodial cryptocurrency payments. To use NOW Payments, sign up and download the integration tool, receive payments in cryptocurrencies sent to ChangeNOW's accounts, and have them instantly converted into the desired coin and sent to your wallet. It accepts over 100 cryptocurrencies, offers instant payouts with minimal costs beginning at 0.4%, and gives 24/7 support services.
ChangeNOW has launched its own token, the NOW Token, making it the first instant cryptocurrency exchange to do so. It is a utility token that may be used to pay for platform products and services as well as to get discounts, better exchange rates, prizes, better terms for affiliate programs, and faster customer assistance. This native token also allows the users to earn interest through staking.
The ChangeNOW token can be purchased on the exchange and can be traded on other cryptocurrency platforms.
ChangeNOW boasts fees that are competitive with the market. The network cost is factored into the exchange rate, so there are NO additional fees for deposits or withdrawals. The conversion or swap cost appears to be between 0.5% and 1.5%, but it also depends on whether you choose a classic or fixed exchange rate.
The best rate on the market is used in a traditional rate exchange. Due to shifting market conditions and network expenses, it is susceptible to fluctuations. As a result, it is not possible to estimate how many coins you will obtain for each individual swap.
With fixed-rate swaps, you always get what you pay for at the time the exchange is started. You must, however, pay an additional margin to have a guaranteed rate. Only if the swap is successfully completed will you be charged.
ChangeNOW is available in many countries around the world, including the U.S., UK, Australia, Canada, the Netherlands, etc. However, countries that are subjected to United Nations Security Council Sanctions Lists or its equivalent are unable to use their services. This includes the United States of America (USA), Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia, among others.
ChangeNOW offers good customer support. Users can visit the site’s comprehensive FAQ section for help articles, tutorials, and educational resources, send a ticket in the request form, message the support team via email or other social media platforms like Facebook and Messenger, join the live chat support, or use the mobile app and phone numbers to ask for assistance. In fact, from over 800 reviews, the platform has a 4.8 out of 5 rating in TrustPilot.
Ease of use. ChangeNOW is responsive and convenient. You may purchase and exchange cryptocurrencies using ChangeNOW without creating an account or completing any unnecessary Know Your Customer (KYC) procedures. It also has a mobile app, enabling users to perform instant coin swaps on the go.
Unlimited Swaps. A limitless amount of cryptocurrency can be exchanged. You can begin trading with some coins valued at under $2 and increase to any maximum.
Transaction Time. Most transactions take five minutes or less to complete. Yet, it's feasible that some trades could take up to 40 minutes.
Purchasing crypto with a bank card. If you want to buy cryptocurrency with a bank card, ChangeNOW is a great option. It has partnered with Simplex to allow you to pay with any VISA or Mastercard card.
Flexibility. ChangeNOW's platform currently supports nearly 400 digital assets for trading. Furthermore, there are more than 200 cryptocurrencies and 30,000 trading pairs available for the platform. There are over a hundred more popular cryptocurrencies that you can trade including Bitcoin, Litecoin, Ethereum, XRP, USDT, Monero, Tezos, BNB, and EOS. At ChangeNOW, almost any market combination is feasible, which can help you avoid numerous swaps, a problem that custodial exchanges frequently have.
Fiat Currencies. About 60 fiat currencies are supported by the platform, including the US dollar, the Euro, the British pound, the Japanese yen, the Australian and New Zealand dollars, among others.
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